Road constructors advance following Budget announcement on highway network expansion

1 Feb 2022 , 11:34 AM

National Highway network will be expanded by 25,000 km in 2022-23,? the Finance Minister said.

PNC Infratech (up 3.54%), IRB Infra (up 2.76%), Dilip Buildcon (up 2.69%) and Ashoka Buildcon (up 2.28%) advanced.

Finance Minister Nirmala Sitharaman is currently presenting the Union Budget for the Financial Year 2022-23 in the Lok Sabha. The copy of the Budget will be laid on the Table of the Rajya Sabha soon thereafter.

This is the fourth budget to be presented by Finance Minister Nirmala Sitharaman in Parliament. For the Budget-2022-23, the Finance Minister had held several pre-budget consultation meetings with stakeholder groups including economists, agriculture and agro processing industry, trade union and labour organizations, financial sector and capital markets, industry, services and trade, social sector, infrastructure and climate change sector. Sitharaman had also held pre-budget consultation with finance ministers of states and union territories for the budget.

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